Vault-13

WEST FRASER TIMBER CO LTD WFG

COM · Common Stock · CUSIP 952845105 · ISIN CA9528451052

204 institutional holders +5 vs Q2 2023
31,146,87731.1m shares reported held*
$2.3bnreported value*
22 new 72 added 81 reduced 18 sold out net bought ≈ $45.1m (+613.2k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($15.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $73.06. Options: 12 managers hold calls ($35.5m notional), 10 hold puts ($23.6m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 182Q4 22: 199Q1 23: 195Q2 23: 199Q3 23: 204204Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022182
Q4 2022199
Q1 2023195
Q2 2023199
Q3 2023204

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 78 bought or addedQ4 22: 112 cut or sold outQ4 22Q1 23: 92 bought or addedQ1 23: 103 cut or sold outQ1 23Q2 23: 93 bought or addedQ2 23: 99 cut or sold outQ2 23Q3 23: 94 bought or addedQ3 23: 99 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 202278112
Q1 202392103
Q2 20239399
Q3 20239499

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10m$20m$30m$40mQ4 22 calls: $7.4mQ4 22 puts: $5.0mQ4 22P/C 0.67Q1 23 calls: $17.0mQ1 23 puts: $14.1mQ1 23P/C 0.83Q2 23 calls: $21.8mQ2 23 puts: $10.5mQ2 23P/C 0.48Q3 23 calls: $35.5mQ3 23 puts: $23.6mQ3 23P/C 0.66
Numbers
QuarterCallsPutsP/C
Q4 2022$7.4m$5.0m0.67
Q1 2023$17.0m$14.1m0.83
Q2 2023$21.8m$10.5m0.48
Q3 2023$35.5m$23.6m0.66

Biggest buyers

Bridgewater Advisors Inc. New +1,091,528+1.1m
BANK OF MONTREAL /CAN/ Added +303,003+303.0k
Hudson Bay Capital Management LP Added +205,000+205.0k
ROYAL BANK OF CANADA Added +191,113+191.1k
Maple Rock Capital Partners Inc. New +106,000+106.0k
Smead Capital Management, Inc. New +98,579+98.6k
RENAISSANCE TECHNOLOGIES LLC Added +91,500+91.5k
1832 Asset Management L.P. Added +85,962+86.0k
SCOTIA CAPITAL INC. Added +84,631+84.6k
NewGen Asset Management Ltd New +75,000+75.0k

Biggest sellers

Point72 Asset Management, L.P. Reduced -356,400-356.4k
GOLDENTREE ASSET MANAGEMENT LP Sold out -242,715-242.7k
BANK OF AMERICA CORP /DE/ Reduced -192,227-192.2k
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Reduced -169,233-169.2k
Allianz Asset Management GmbH Reduced -151,219-151.2k
VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. Reduced -146,524-146.5k
FMR LLC Reduced -107,455-107.5k
Cerity Partners LLC Reduced -106,103-106.1k
Balyasny Asset Management L.P. Sold out -101,575-101.6k
CITADEL ADVISORS LLC Reduced -99,911-99.9k

Biggest calls

BANK OF MONTREAL /CAN/ Added $16.9m230.0k shares
Point72 Asset Management, L.P. Unchanged $5.5m75.0k shares
NewGen Asset Management Ltd New $5.4m75.0k shares
Waratah Capital Advisors Ltd. New $2.9m40.0k shares
SIG North Trading, ULC Reduced $1.4m19.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.3m18.4k shares
CIBC WORLD MARKET INC. Reduced $726.0k10.0k shares
CITADEL ADVISORS LLC Reduced $580.3k8.0k shares
GROUP ONE TRADING LLC Reduced $391.7k5.4k shares
WOLVERINE TRADING, LLC New $333.7k4.6k shares

Biggest puts

BANK OF MONTREAL /CAN/ Added $9.6m131.0k shares
CIBC WORLD MARKET INC. New $5.7m78.2k shares
SIG North Trading, ULC Added $5.5m76.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.9m26.0k shares
CITADEL ADVISORS LLC Reduced $384.5k5.3k shares
ASAHI LIFE ASSET MANAGEMENT CO., LTD. Added $264.4k3.6k shares
WOLVERINE TRADING, LLC New $224.9k3.1k shares
SIMPLEX TRADING, LLC Reduced $14.0k200 shares
GROUP ONE TRADING LLC Reduced $7.3k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
FIL Ltd 13G · institution +3.6 pts · filed 2025-09-08 11.5% +3.6 pts 8.8m≈ $597.0m 2025-09-08

Insider purchases and sales in Q3 2023

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q3 2023.

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Pictet Asset Management Holding SA 0.31% of their portfolio CAROUGE, V8 3,398,9013.4m $247.9m $247.9m 0.31% First filing
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 2,785,5712.8m $202.1m $202.1m 0.00% Added +39.9k +39,929
3 ROYAL BANK OF CANADA 0.05% of their portfolio TORONTO, A6 2,319,4882.3m $168.3m $168.3m 0.05% Added +191.1k +191,113
4 BANK OF MONTREAL /CAN/ 0.06% of their portfolio TORONTO, A6 2,060,5932.1m $151.1m $151.1m 0.06% Added +303.0k +303,003
5 LETKO, BROSSEAU & ASSOCIATES INC 1.61% of their portfolio MONTREAL, A8 1,125,1661.1m $82.1m $82.1m 1.61% Added +5.6k +5,632
6 Bridgewater Advisors Inc. 12.70% of their portfolio NEW YORK, NY 1,091,5281.1m $79.2m $79.2m 12.70% New
7 FMR LLC 0.01% of their portfolio BOSTON, MA 1,090,6711.1m $79.2m $79.2m 0.01% Reduced -107.5k -107,455
8 Connor, Clark & Lunn Investment Management Ltd. 0.38% of their portfolio VANCOUVER, A1 997,159997.2k $72.4m $72.4m 0.38% Added +74.7k +74,655
9 NORGES BANK 0.01% of their portfolio OSLO, Q8 951,113951.1k $69.0m $69.0m 0.01% Unchanged
10 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 872,656872.7k $63.3m $63.3m 0.01% Reduced -7.3k -7,327
11 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.51% of their portfolio VICTORIA, A1 737,021737.0k $53.5m $53.5m 0.51% Reduced -169.2k -169,233
12 MACKENZIE FINANCIAL CORP 0.08% of their portfolio TORONTO ONTARIO, A6 716,287716.3k $49.7m $49.7m 0.08% Reduced -9.9k -9,866
13 Grantham, Mayo, Van Otterloo & Co. LLC 0.20% of their portfolio Boston, MA 579,373579.4k $42.2m $42.2m 0.20% Added +36.1k +36,132
14 Vontobel Holding Ltd. 0.32% of their portfolio ZURICH, V8 477,884477.9k $34.7m $34.7m 0.32% Reduced -49.4k -49,415
15 VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.87% of their portfolio AMSTERDAM, P7 476,019476.0k $46.9m $46.9m 0.87% Reduced -146.5k -146,524
16 GRS Advisors, LLC 5.10% of their portfolio Chicago, IL 397,422397.4k $28.8m $28.8m 5.10% Reduced -46.4k -46,380
17 HORIZON KINETICS ASSET MANAGEMENT LLC 0.51% of their portfolio NEW YORK, NY 356,916356.9k $25.9m $25.9m 0.51% Reduced -53.9k -53,887
18 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 349,181349.2k $25.4m $25.4m 0.03% Added +38.7k +38,656
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 342,383342.4k $24.8m $24.8m 0.00% Added +47.9k +47,925
20 TD Asset Management Inc 0.03% of their portfolio Toronto, A6 342,096342.1k $25.0m $25.0m 0.03% Added +20.5k +20,517
21 ROBOTTI ROBERT 3.59% of their portfolio NEW YORK, NY 337,405337.4k $24.5m $24.5m 3.59% Reduced -2.4k -2,429
22 KGH Ltd 1.30% of their portfolio NASSAU, C5 320,000320.0k $23.3m $23.3m 1.30% Reduced -1.1k -1,102
23 Hudson Bay Capital Management LP 0.11% of their portfolio STAMFORD, CT 310,000310.0k $22.5m $22.5m 0.11% Added +205.0k +205,000
24 Legal & General Group Plc 0.01% of their portfolio London, X0 308,411308.4k $22.5m $22.5m 0.01% Added +6.9k +6,895
25 SCOPUS ASSET MANAGEMENT, L.P. 0.82% of their portfolio NEW YORK, NY 297,981298.0k $21.6m $21.6m 0.82% Added +44.0k +44,000
26 CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio TORONTO ONTARIO, A6 259,770259.8k $18.9m $18.9m 0.03% Reduced -15.6k -15,600
27 Allianz Asset Management GmbH 0.04% of their portfolio MUNICH, 2M 256,794256.8k $18.7m $18.7m 0.04% Reduced -151.2k -151,219
28 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 255,783255.8k $18.7m $18.7m 0.01% Added +53.1k +53,053
29 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 254,386254.4k $18.5m $18.5m 0.00% Added +64.5k +64,530
30 1832 Asset Management L.P. 0.03% of their portfolio TORONTO, A6 230,378230.4k $16.7m $16.7m 0.03% Added +86.0k +85,962
31 BlackRock Inc. 0.00% of their portfolio New York, NY 217,770217.8k $15.8m $15.8m 0.00% Added +6.9k +6,893
32 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 207,941207.9k $15.1m $15.1m 0.02% Reduced -11.2k -11,194
33 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 197,670197.7k $14.3m $14.3m 0.00% Reduced -13.8k -13,786
34 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 194,679194.7k $14.1m $14.1m 0.00% Added +17.2k +17,243
35 Swiss National Bank 0.01% of their portfolio ZURICH, V8 190,638190.6k $14.0m $14.0m 0.01% Reduced -23.4k -23,400
36 Waratah Capital Advisors Ltd. 0.63% of their portfolio TORONTO, A6 190,270190.3k $13.8m $13.8m 0.63% Added +70.7k +70,709
37 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 181,778181.8k $13.2m $13.2m 0.00% Reduced -192.2k -192,227
38 Amundi 0.01% of their portfolio Paris, I0 164,908164.9k $11.0m $11.0m 0.01% Added +10.8k +10,769
39 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 164,700164.7k $12.0m $12.0m 0.02% Added +91.5k +91,500
40 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 159,421159.4k $11.6m $11.6m 0.00% Added +15.5k +15,509
41 Scheer, Rowlett & Associates Investment Management Ltd. 0.97% of their portfolio TORONTO, A6 158,880158.9k $11.5m $11.5m 0.97% Added +45.2k +45,174
42 CREDIT AGRICOLE S A 0.34% of their portfolio Montrouge Cedex, I0 154,547154.5k $11.2m $11.2m 0.34% Added +1.0k +1,047
43 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 149,433149.4k $10.9m $10.9m 0.01% Added +12.2k +12,206
44 Point72 Asset Management, L.P. 0.04% of their portfolio STAMFORD, CT 142,112142.1k $10.3m $10.3m 0.04% Reduced -356.4k -356,400
45 Public Sector Pension Investment Board 0.07% of their portfolio MONTREAL, A8 129,979130.0k $9.5m $9.5m 0.07% Added +2.8k +2,839
46 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 129,264129.3k $9.4m $9.4m 0.01% Reduced -11.0k -11,049
47 Appian Way Asset Management LP 3.12% of their portfolio NEW YORK, NY 126,118126.1k $9.1m $9.1m 3.12% Reduced -99.7k -99,689
48 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 120,989121.0k $8.8m $8.8m 0.01% Added +38.4k +38,445
49 Swiss Life Asset Management Ltd 0.14% of their portfolio Zurich, V8 120,579120.6k $8.8m $8.8m 0.14% Added +2.3k +2,344
50 Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio CHIYODA-KU, TOKYO, M0 116,169116.2k $8.5m $8.5m 0.01% Reduced -5.3k -5,312
51 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 112,924112.9k $8.2m $8.2m 0.01% Reduced -8.9k -8,937
52 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 107,482107.5k $7.7m $7.7m 0.01% Reduced -7.6k -7,588
53 Maple Rock Capital Partners Inc. 0.89% of their portfolio Toronto, A6 106,000106.0k $7.7m $7.7m 0.89% New
54 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 105,563105.6k $7.7m $7.7m 0.00% Reduced -982 -982
55 SCOTIA CAPITAL INC. 0.06% of their portfolio TORONTO, A6 105,204105.2k $7.6m $7.6m 0.06% Added +84.6k +84,631
56 CIBC WORLD MARKET INC. 0.03% of their portfolio TORONTO, A6 105,012105.0k $7.6m $7.6m 0.03% Added +35.1k +35,054
57 AGF MANAGEMENT LTD 0.05% of their portfolio TORONTO, A6 101,098101.1k $7.3m $7.3m 0.05% Added +1.0k +1,017
58 Smead Capital Management, Inc. 0.15% of their portfolio Phoenix, AZ 98,57998.6k $7.2m $7.2m 0.15% New
59 Candriam S.C.A. 0.05% of their portfolio STRASSEN, N4 95,70495.7k $6.9m $6.9m 0.05% Reduced -19.4k -19,429
60 Baird Financial Group, Inc. 0.02% of their portfolio MILWAUKEE, WI 95,21195.2k $6.9m $6.9m 0.02% Reduced -1.8k -1,786
61 T. Rowe Price Investment Management, Inc. 0.00% of their portfolio BALTIMORE, MD 89,37089.4k $6.5m $6.5m 0.00% Added +23.8k +23,831
62 Vestcor Inc 0.24% of their portfolio FREDERICTON, A3 89,30089.3k $6.5m $6.5m 0.24% Reduced -4.9k -4,900
63 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 85,79485.8k $6.2m $6.2m 0.00% Added +7.2k +7,177
64 BANK OF NOVA SCOTIA 0.02% of their portfolio TORONTO, A6 85,75985.8k $6.2m $6.2m 0.02% Reduced -279 -279
65 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 83,38283.4k $6.0m $6.0m 0.01% Reduced -30.2k -30,182
66 Federation des caisses Desjardins du Quebec 0.07% of their portfolio LEVIS, A8 82,33482.3k $6.8m $6.8m 0.07% Added +5.8k +5,848
67 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 81,84981.8k $5.9m $5.9m 0.01% Reduced -560 -560
68 CoreCommodity Management, LLC 1.99% of their portfolio STAMFORD, CT 81,60081.6k $5.9m $5.9m 1.99% Added +31.5k +31,500
69 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 76,27876.3k $5.6m $5.6m 0.01% Added +34.1k +34,091
70 DekaBank Deutsche Girozentrale 0.01% of their portfolio FRANKFURT, 2M 75,70275.7k $5.5m $5.5m 0.01% Reduced -12.1k -12,064
71 NewGen Asset Management Ltd 4.19% of their portfolio TORONTO, A6 75,00075.0k $5.4m $5.4m 4.19% New
72 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.08% of their portfolio Stamford, CT 71,33971.3k $5.2m $5.2m 0.08% Reduced -9.5k -9,490
73 PRIVATE MANAGEMENT GROUP INC 0.21% of their portfolio IRVINE, CA 70,26870.3k $5.1m $5.1m 0.21% Reduced -49.3k -49,340
74 CIDEL ASSET MANAGEMENT INC 0.25% of their portfolio TORONTO, A6 67,38867.4k $4.9m $4.9m 0.25% Added +2.2k +2,244
75 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 67,33767.3k $4.9m $4.9m 0.01% Reduced -4.8k -4,781
76 Point72 Europe (London) LLP 0.65% of their portfolio LONDON, X0 65,50065.5k $4.8m $4.8m 0.65% Added +36.1k +36,100
77 AustralianSuper Pty Ltd 0.03% of their portfolio MELBOURNE, C3 65,08965.1k $4.7m $4.7m 0.03% Reduced -57.8k -57,845
78 Alberta Investment Management Corp 0.05% of their portfolio EDMONTON, A0 62,38762.4k $4.6m $4.6m 0.05% Unchanged
79 OPPENHEIMER & CO INC 0.09% of their portfolio NEW YORK, NY 61,26761.3k $4.4m $4.4m 0.09% Added +9.4k +9,397
80 UBS Group AG 0.00% of their portfolio ZURICH, V8 58,76658.8k $4.3m $4.3m 0.00% Reduced -18.0k -17,974
81 CIBC Asset Management Inc 0.02% of their portfolio TORONTO, Z4 57,79657.8k $4.2m $4.2m 0.02% Added +1.4k +1,387
82 INTACT INVESTMENT MANAGEMENT INC. 0.18% of their portfolio MONTREAL, A8 56,00056.0k $4.1m $4.1m 0.18% Reduced -13.9k -13,900
83 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.05% of their portfolio Madrid, U3 52,80352.8k $3.9m $3.9m 0.05% Reduced -984 -984
84 Maryland State Retirement & Pension System 0.07% of their portfolio BALTIMORE, MD 44,13844.1k $3.2m $3.2m 0.07% Added +1.3k +1,267
85 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 42,60542.6k $3.1m $3.1m 0.00% Reduced -99.9k -99,911
86 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 42,45342.5k $3.1m $3.1m 0.00% Added +40.1k +40,109
87 MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 0.13% of their portfolio Munich, 2M 40,57040.6k $3.0m $3.0m 0.13% Added +12.4k +12,389
88 Desjardins Global Asset Management Inc. 0.28% of their portfolio MONTREAL, A8 35,62135.6k $2.6m $2.6m 0.28% New
89 Assenagon Asset Management S.A. 0.01% of their portfolio SENNINGERBERG, N4 35,33735.3k $2.6m $2.6m 0.01% Added +1.8k +1,831
90 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 34,89034.9k $2.5m $2.5m 0.00% Reduced -4.5k -4,461
91 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.05% of their portfolio HOUSTON, TX 31,20031.2k $2.3m $2.3m 0.05% Unchanged
92 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 29,74629.7k $2.2m $2.2m 0.01% Reduced -19.6k -19,600
93 Cubist Systematic Strategies, LLC 0.03% of their portfolio STAMFORD, CT 29,65029.6k $2.2m $2.2m 0.03% New
94 Anson Funds Management LP 0.63% of their portfolio DALLAS, TX 29,00029.0k $2.1m $2.1m 0.63% New
95 SIG North Trading, ULC 0.88% of their portfolio Bala Cynwyd, PA 26,75826.8k $1.9m $1.9m 0.88% Reduced -6.4k -6,402
96 Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio ZURICH, V8 25,61425.6k $1.9m $1.9m 0.01% Added +347 +347
97 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 24,78924.8k $1.8m $1.8m 0.01% New
98 TD Waterhouse Canada Inc. 0.02% of their portfolio TORONTO, A6 24,57924.6k $2.4m $2.4m 0.02% Added +8.3k +8,342
99 Vident Advisory, LLC 0.05% of their portfolio Alpharetta, GA 23,00723.0k $1.7m $1.7m 0.05% First filing
100 Skandinaviska Enskilda Banken AB (publ) 0.01% of their portfolio STOCKHOLM, V7 22,76022.8k $1.7m $1.7m 0.01% Reduced -60.9k -60,851